IMF, World Bank & IFI Round-Up

The World Bank approved a USD 350 million loan for Bangladesh to build more power plants to meet peak demands, the Bank said at the weekend. Poor electricity supply costs Bangladesh nearly 2 percent in GDP growth each year, the Bank said. With the financial assistance, a 300 megawatt (MW) power plant will be built at Siddhirganj, 20 km (13 miles) southeast of Dhaka, to meet demand during peak periods. A gas turbine power plant will also be built at Siddhirganj, along with a 60-km natural gas pipeline from Bakhrabad to Siddhirganj to improve the reliability of gas supply and an 11-km transmission line to serve more consumers

About the author

  • Devex Editor

    Thanks a lot for your interest in Devex News. To share news and views, story ideas and press releases, please email news@devex.com. We look forward to hearing from you.